DISTRIBUTION HISTORY

1) The amount of distributions that will be paid, if any, is uncertain. There is no guarantee that we will continue paying distributions. We have paid regular monthly distributions to our stockholders, and intend to continue paying monthly distributions unless our results of operations, our general financial conditions, general economic conditions, applicable provisions of Maryland law or other factors make it imprudent to do so. The timing and amount of distributions will be determined by our board of directors, in its discretion, and may vary from time to time. We have paid, and may continue to pay, without limitation, distributions from sources other than from our cash flow from operations including, but not limited to the proceeds of our offering, borrowings or the sale of assets. As of June 6, 2017, we had paid aggregate distributions, since inception, of approximately $84,463,000 ($37,010,000 in cash and $47,453,000 reinvested in shares of common stock pursuant to our distribution reinvestment plan [the “DRIP”]). The distribution rate for Class T2 shares is net of the distribution and servicing fee. With respect to Class T2 shares sold in its primary offering, CVMC REIT II will pay the dealer manager a distribution and servicing fee that accrues daily equal to 1/365th of 1.0% of the most recent purchase price per Class T share on a continuous basis from year to year, payable out of amounts that otherwise would be distributed to holders of Class T2 shares; provided, however, that upon the termination of the primary offering, the distribution and servicing fee shall be an amount that accrues daily equal to 1/365th of up to 1.0% of the most recent estimated NAV per Class T2 share on a continuous basis from year to year. CVMC REIT II will cease paying distribution and servicing fees with respect to all Class T shares sold in the primary offering on the earliest to occur of the following: (i) a listing of the Class T shares on a national securities exchange, (ii) following the completion of the Offering, total underwriting compensation in this Offering equaling 10% of the gross proceeds from our primary offering, (iii) there are no longer any Class T shares outstanding;or (iv) the fourth anniversary of the last day of the fiscal quarter in which the primary offering terminates. CVMC REIT II will not pay a distribution and servicing fee with respect to Class T2 shares issued under the DRIP;however, the distribution and servicing fees payable with respect to Class T shares sold in the primary offering will be allocated to Class T2 shares as a class cost, and therefore will impact the amount of distributions payable on all Class T2 shares, including those issued under the DRIP.

Carter Validus Mission Critical REIT II, Inc. (“the Company”) has limited operating history. An investment in the Company is speculative.

Investments in the healthcare property sector contain certain risks, including the fact that adverse trends in healthcare provider operations may negatively
affect lease revenues and the ability to make distributions to stockholders. Please consult the prospectus for additional risks.

NOT AN OFFER TO SELL SECURITIES

The material in this Web site does not constitute an offer to sell, nor a solicitation of an offer to buy the securities described herein. Such an offering is made only
by means of a prospectus. The prospectus must be read in order to understand fully all the implications and risks of any offering of securities to which it relates.